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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

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More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

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Derivatives Exchange Membership

Derivatives Exchange Membership

Abdulla Javeri

30 years: Financial markets trader

In the final video of this series on derivatives exchanges, Abdulla examines the membership structure of those exchanges whilst noting that not all exchanges will be identical.

In the final video of this series on derivatives exchanges, Abdulla examines the membership structure of those exchanges whilst noting that not all exchanges will be identical.

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Derivatives Exchange Membership

5 mins 22 secs

Key learning objectives:

  • Understand the difference between Clearing and Non-Clearing Members

  • Understand the relationship between Clearing members, Non-Clearing members and the Clearing House

  • Outline the process of how trades are registered with the Clearing House

  • Identify the application and limits of Clearing House guarantees

Overview:

Exchange membership is a requirement to directly access the facilities of an Exchange, primarily its trading platform.

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Summary

What are the cons of Exchange Membership?

Membership provides benefits, but it also imposes obligations to adhere to the rules of the Exchange e.g. in respect of minimum financial resources, regulatory approvals, dispute resolution and general conduct in relation to off-Exchange clients and other Exchange members.

What are the types of members?

There are a number of ‘levels’ of Exchange membership, generally described as Clearing Members and Non–Clearing Members.

Clearing Members are subject to substantially higher capital requirements than their Non Clearing counterparts.  There is often a further sub category, Public Order and Non Public Order, which defines whether the Non Clearing member is allowed to directly execute trades on behalf of their clients who are not exchange members.

What is the exchange membership criteria?

As long as you can satisfy the criteria set by the Exchange, anyone can become a member. The criteria will include capital requirements as well as the necessary regulatory requirements imposed by financial regulators.

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Abdulla Javeri

Abdulla Javeri

Abdulla’s career in the financial markets started in 1990 when he entered the trading floor of the London International Financial Futures Exchange, LIFFE, and qualified as a pit trader in equity and equity index options. In 1996, Abdulla became a trainer for regulatory qualifications and then for non-exam courses, primarily covering all major financial products.

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